Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$502,159$468,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$2,511$0
Note rate7.760%7.400%
Blended rate7.760%7.640%
1st payment$3,696.43$3,240.34
2nd payment$0.00$0.00
Taxes / mo$643.42$643.42
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$90.00$90.00
Total monthly$4,596.51$4,234.02
Cash to close$17,841$52,000